iQor to invest $200 million in India

India is projected to be the second largest smartphone market by 2016,” iQor’s CEO Hartmut Liebel said, adding that the company is perfectly positioned to meet India’s increasing demands for skilled, immediate product support.ETTelecom | November 03, 2015, 13:56 IST

NEW DELHI: Aftermarket services firm iQor Tuesday said that it will invest $200 million in building an expanded, pan-India service network to deliver end-to-end repair services.

The expansion will create 20,000 new jobs in all of India’s 29 states, the company said in a statement.

By the end of 2015 iQor will be increasing its footprint to 115 locations in 109 cities and 22 states.

“India is projected to be the second largest smartphone market by 2016,” iQor’s CEO Hartmut Liebel said, adding that the company is perfectly positioned to meet India’s increasing demands for skilled, immediate product support.

The aftermarket services firm is opening two new repair depot hubs in Chennai and Hyderabad as well as new walk-in service centers along with on-site services for some leading manufacturers of digital products including smartphones and tablets.

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